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How Are Leading Financial Institutions Navigating the Cryptocurrency Market? 4 Highlights From 2021

Perficient

According to CoinGecko, the cryptocurrency market is worth more than $2.35 Although this market seems promising, the potential for big gains does not come without hefty risk. Bank of New York Mellon. Bank customers with a custody solution that “meets the highest security, compliance and regulatory standards.”.

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Fintech’s Power Grab — in The New York Times

Bank Innovation

The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” Ok, it’s safe to say fintech has hit the big time. ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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New York AG Wants More Info From Crypto Traders

PYMNTS

New York Attorney General Eric Schneiderman has announced the launch of the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices of cryptocurrency trading platforms. One company has already announced that it plans to comply with Schneiderman’s request.

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Hilton Hotel In Times Square To Close

PYMNTS

The spokesman added a “definitive reopening date has not been determined or established and will be impacted by negotiations with our lender, as well as market conditions.”. In a typical year, New York City sees more than 65 million visitors. The Hilton is not the only New York hotel taking a hit.

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Lawmakers Eye Alternatives To Renter Security Deposits

PYMNTS

Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal. As many as one fourth of all renters in the United States devote 50% or more of their monthly expenses to rent. Sittenfeld. “To

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Iconic New York Grocer Files For Bankrutpcy

PYMNTS

Retail’s latest piece of roadkill today is Fairway Supermarkets, an institution for our readers living in New York City, and probably something the rest of our readers have never heard of. operator of the Fairway Market supermarket chain, has filed for Chapter 11 bankruptcy protection.

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NY Mag To Open Pop-Up Shop; Amazon Go Plans New York Store

PYMNTS

Magazines have been testing the waters of brick-and-mortar retail by opening temporary stores in major cities, and New York Magazine is no exception. The company is opening a pop-up shop in time for the holidays in the SoHo neighborhood of New York City for the company’s popular product recommendation vertical called The Strategist.

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